“The End of Cheap Oil”, Scientific American 03/1998

From Scientific American:

“There is only so much crude oil in the world, and the industry has found about 90 percent of it.”

“The world is not running out of oil— at least not yet. What our society does face, and soon, is the end of the abundant and cheap oil on which all industrial nations depend.”

I really wonder if this is or ever was the truth.

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